Will Hudson Valley Stores Be Among Starbucks’ 150 Closures?

A coffee chain with multiple Hudson Valley locations is going to close 150 locations due to over-saturation.

Bloomberg reported that Starbucks is going to close 150 locations in areas that are over-saturated with Starbucks. The company's growth has not been what executives were hoping for. Starbucks is hoping for a 1% growth at the end of the quarter, which is far less than the 2.9% growth analysts expected. This is Starbucks worst performance in 9 years.